2542 Broad Ave Memphis, TN 38112-2612
Property profile & analytics
2542 Broad Ave, Memphis, TN 38112-2612
- High-rise multifamily apartments
- 222,671 SF
- 8.77 lot acres
Property ID
US80-1583369
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Broad Avenue Arts District / Shopping Center & Mall
- The Links @ Memphis / Apartment Complex
Property Details for 2542 Broad Ave
- Year built
- 1945
- Lot size
- 8.77 lot acres
- Zone code
- EMP
- Property type
- High-rise multifamily apartments
- APN
- 033-020- - -00015
- APU
- 3302000015
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 25, 2023 | — | Industrial Development Board | Broad Avenue Partners LLC | Special Warranty Deed | — |
| Sep 16, 2021 | — | Broad Avenue Memphis Apt Mgr Owner | Broad Avenue Memphis Apartments Mgr | Quit Claim Deed · related | — |
| Sep 16, 2021 | $1,400,000 | Cottonwood LP | Broad Avenue Memphis Apt Mgr Owner | Quit Claim Deed · related | $125k · Home Point Financial Corporation |
| Aug 20, 2020 | — | Broad Avenue Partners LLC | Commerce Center LP | Quit Claim Deed · related | — |
| — | — | Commerce Center LP | — | Deed Of Trust · related | $1.2M · Magna Bank NA |
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $25,206,000
- AI Estimate
- $11,872,000
Market price range: $10.4M - $38.1MMarket price range: $9.33M - $19.1M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $25,205,000 Current use
- OFFICE BUILDING
- $26,560,000 Change: +5% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $21,585,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9743
- Latitude
- 35.1486
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$8,991
$0.00
$0.00
$0.00
-
$863,300
$17,500,000
$18,363,300
